Updated Dec 4, 2024
Jessica Court & Basilio Rivera Handle $1.225M Multifamily Sale In Jersey City
117 Logan Avenue
$1,225,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 15, 2024
About this deal
AI
The $1.225 million sale of a multifamily property located at 117 Logan Avenue in Jersey City was facilitated by Jessica Court of Compass, representing the buyer, and Basilio Rivera of Prominent Properties Sotheby's International Realty, representing the seller.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Address: 117 Logan Avenue
- Market: Jersey City
- Buyer's Rep: Jessica Court - Compass
- Seller's Rep: Basilio Rivera - Prominent Properties Sotheby's International Realty
The involvement of Jessica Court from Compass and Basilio Rivera from Prominent Properties Sotheby's International Realty was crucial in successfully closing the deal for the multifamily property in Jersey City.
On the Map
$1,225,000
MultiFamily
View full map
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Jersey City multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93